FTX creator and CEO Sam Bankman-Fried is at the center of the suit. Current claims recommend that his business targeted unsophisticated investors with making use of widely known celebs as endorsers.
Mercury News press reporter Madeline Kenney composed a helpful piece about the collapse of FTX. In the short article, the plaintiff, Edwin Garrison, detailed how the crypto-company made millions off of unwary people.
NBA characters Steph Curry and Shaquille O’Neal are being taken legal action against following the collapse of the FTX cryptocurrency exchange. NFL quarterback Tom Brady and his ex-wife Gisele Bunches were also consisted of on the list of people being sued.
According to Kenney, the Golden State Warriors openly endorsed FTX by showcasing the cryptocurrency business through in-arena advertisements.
Curry belonged to a nationwide project for the cryptocurrency business:
Steph Curry might lose millions after the collapse of FTX.
The Warriors offered Jordan Poole bobble heads to their fans at Chase Center on Monday. The promotion was sponsored by FTX The group formally paused their partnership with FTX following the video game.
The Warriors will look to build off an outstanding win when they deal with the Phoenix Suns on Wednesday. Tip-off is set up for 10:00 pm/ET.
FTX was reported to be worth billions of dollars as just recently as recently. Bankman-Fried allegedly lost 94% of his wealth in a single day.
Steph Curry and the Warriors are slowly getting their groove back. They are 11th in the Western Conference with a 6-8 record. Curry has averaged 31.5 points, 6.6 rebounds and 6.4 helps in 13 games.
This will not be a Significant loss for Steph Curry. Nevertheless, it might affect his future offers with other business.
FTX was able to sign top-tier professional athletes to recommendation offers. Steph Curry was greatly included with the business. When he signed with them, he received cash and an equity stake in FTX.
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Also check out: How can Steph Curry be impacted by the current FTX collapse?
FTX was able to sign top-tier athletes to recommendation deals. Steph Curry was heavily included with the company. He received cash and an equity stake in FTX when he signed with them.
The group officially paused their partnership with FTX following the video game.
Steph Curry and the Warriors are gradually getting their groove back.